Rice Market in Singapore
The value of the rice market in Singapore skyrocketed to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by % year-to-year. Over the period under review, the market reached the peak level at $ in 2011; however, from 2012 to , consumption remained at a lower figure.